If we look at the daily chart,
we will see that there are 3 different resistances!
1. 200 EMA around 75,00 - 75,50
2. Third touch of day trendline
3. Resistance line of H4 trend
The H1 penultimate candle realizes more than 50 pips downward movement.
If it breaks the H1 trend line support, we go to levels around 74,00, where
there are two strong levels of support:
I expect a hold around this level and a slight return to
74,50 - 74,70, where there will be serious resistance.
we will see that there are 3 different resistances!
1. 200 EMA around 75,00 - 75,50
2. Third touch of day trendline
3. Resistance line of H4 trend
The H1 penultimate candle realizes more than 50 pips downward movement.
If it breaks the H1 trend line support, we go to levels around 74,00, where
there are two strong levels of support:
- 38,2 Fibo
Horizontal support line
I expect a hold around this level and a slight return to
74,50 - 74,70, where there will be serious resistance.
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.